Victrex Share Discussion Threads

[justiceforthemany] 11/9/2019 17:01

Up 25% in a month.

[justiceforthemany] 23/8/2019 09:20

As another British company gets taken over (ETO) following Cobham and Greene King only a matter of time before Victrex does also.

Quality company making an important product with no debt trading at half what it was a year ago.

[justiceforthemany] 12/8/2019 21:51

Will still make £100M+ profit and is DEBT FREE.

[source] 09/8/2019 19:08

25th July statement is worrying and continues the weakening trend that started last year. The statement is so woolly, but is clearly a profit warning. Usually come in threes...seems quite rich given there's no growth & the global industrial recession reverberating around the globe. Regards,

[justiceforthemany] 25/7/2019 10:35

Again wild over-reaction this morning. If I had the money I would take over this company ASAP for ~ 2800p+. Major new contract also announced today.

[justiceforthemany] 18/7/2019 15:54

A two year low and surely must be in play now for M&A - just hope the board are honest enough to disclose any bids. This was trading at 3400p+ just last September. BlackRock holding 4% but also shorting 1%?! EPS will drop to ~110p from 128p in 2018 with likely no 'special dividend' this year but NO DEBT and net cash position with a great product trading at almost half price now.

[brexitplus] 16/7/2019 17:17

Troy Asset Management building a position

[moneygenxyz] 16/7/2019 14:28

Read this Monday morning and remembered I had VCT in my watch list. Fate?

Investigated further and it’s a compelling buy.



Opening a position.

[justiceforthemany] 05/7/2019 21:56

This company has no debt, a great product and a rock solid balance sheet. Equity ratio of almost 8 (!).

8% down on a downgrade? Shorters had their fill today but takeover definitely on IMO.

[sandlab] 05/7/2019 16:47

- is all can find.

[deadly] 05/7/2019 15:55

down 7% today; any news?

[justiceforthemany] 20/6/2019 16:54

Massive 500,000 share trade today - share price up 2.6% so guessing was a buy or shorts being bought back?

[justiceforthemany] 11/6/2019 21:57

This will get taken over for £30/share IMO. No debt, high cash flow and operating margin. Important products. Scope for high growth.

[artibee] 04/3/2019 12:55

citi downgrade

[yertiz] 09/2/2019 11:36

You are not alone....I'm invested in Vitrex and have been for a number of years, only a small proportion of my portfolio but happy to hold.

[srichardson8] 09/2/2019 10:38

As this post is so quiet - I just don't think many private investors hold it - I shall be indiscreet and post a reply to my recent enquiry on dividend policy - as any outcome is unlikely to affect my decision to stay in.

viz.

Our dividend policy is to grow the regular dividend in line with earnings per share and then pay a special dividend if there are no other uses for the cash within the business, and only if net cash at the end of the year exceeds £85m.

More detail is in the Annual Report on page 17:

[pjmurf] 09/2/2019 07:20

Thanks for the reply sr I to am positive on the long term outlook. Short term there are clouds on the horizon everywhere, having my money in an established dividend paying company diversified across a number of industries is as good a place as any. Will take the time to re-read the report over the weekend but would probably buy more on any dip.

[srichardson8] 06/2/2019 11:10

for the record i thought that the trading update was quite upbeat. They have had a bad quarter and half year earnings, which are against pretty tough comps from last year, will be down. But some positive noises on the second half and indeed Q2. I was very encouraged by comments on the developments in knee tests and 3D printing, and forward movement in the automotive gear business. I am of course a holder so tend to be glass full on Victrex but there is a moat here, the business has an enviable record of high returns and I am prepared to wait give that the yield should now be around 5% (though one imagines the regular dividend will barely be maintained and the special dividend could be under threat). My guess - and it is only that, as are analysts' forecasts which vary wildly - is that the total annual dividend may be around 96p for the year.

[srichardson8] 01/2/2019 22:13

It will come good in the end but the gearing to auto/industrial over the next - well - hopefully 12-18 months is not good for top line. To me the share is pricing in a 30% profits drop next year which I suspect may be too optimistic. Probably time to look at the last annual report but...I am sneaking a peek now to remind me
98% of revenues from outside the uk - mildly positive
new businesses -
big dental contract with Straumann, first European car with Peek gears, offshore Brazil and (generally) positive news likely on flexible pipe business
core business
the main industrial business depends on oil & gas (especially onshore) 680t, transport (esp aerospace)& automotive 1000t - plus a hodgepodge to what they call value added resellers 1800 tonnes.
medical always seems to struggle to get revenues moving but seems to have brilliant margins. They are trialing new products but seem to be held back by the US spine business. It is much smaller than industrial but this may be the division to confound my s-t pessimism. I do hope so.
A strong niche company with fairly big headwinds one would guess. Not cheap s-t if one believes earnings are likely to splutter but good returns over time. A tough one.

[pjmurf] 01/2/2019 21:14

Very few posts on here for such a good company. Doubled my money here over the last few years despite missing the peak. Bought back in recently for the Divi, thought I'd beat the crowd but turns out there isn't one. Anyone with any thoughts/ insight lurking here?

[9degrees] 30/1/2019 18:37

ex div tomorrow